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Jan 04, 2021 (The Expresswire) --
Global “Meat Flavors Market”Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, Meat Flavors Marketis predictedto grow at a CAGR of Growing rate during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Meat Flavors market, and the main aspect of the report- whydo you have tobuy this research report? So don’t miss it.
Meat Flavors Market Overview 2021:
Global meat flavors market is expected to grow at a CAGR of 5.8% from 2018 to 2023. The global natural meat flavoring market accounted for USD 833.03 million in 2016, and is expected to record a CAGR of 6.4% during the forecast period.
The growing trend of health consciousness has led to an exponential increase in the use of natural flavors by most food manufacturing companies. Natural meat flavoring are extensively used in most products in developed regions, such as North America. Natural ingredients are expected to have highest growth rate in Asia-Pacific due to the rising purchasing power and consumers demand for healthy products with natural flavors.
Growing demand for meat based foods
Due to globalization consumersâ taste has evolved, with consumers craving for newer flavors and tastes. This has stimulated the meat flavors market. Along with globalization, increasing disposable income in developing nations is giving a great push to the meat flavors market with consumers opting for ready-to-eat food to match their fast pace lifestyle. According to the FAO fact sheet, the global annual per capita meat consumption is expected to reach 35.3 kg by 2025. During 2016 – 2025, the consumption of meat and meat-based products is expected to grow by 60% more than the consumption rate in 2016.
This is due to the growth of disposable incomes in regions, such as Asia, Latin America, and the Middle East. The demand for meat in developed countries continues to increase, but at a lower growth rate compared to those developing countries. Moreover, the increasing demand for the ready to eat and processed food demands greater use of meat flavors in the production giving impetus to the market.
The Growing vegetarianism is a major restrain in the market. Constraints are also seen in the form of regulatory requirements in food additives, with animal derived flavors seeing a greater regulation due to the risk of contamination. As most of the meat flavors are applied to ready-to-eat food, increasing awareness among consumers about the negative health effects of processed food consumption is also a limiting factor in the market.
Opportunities can be seen in the form use of meat flavors to new and novel food items and application in new industries. The wider acceptance of GSFA among nations improves international trade of meat flavors. Innovations to meet the wellness demand of the consumers by introducing organic meat flavors is also giving new opportunity in the market.
Artificial flavoring is the most widely used
The meat flavor can be natural or artificial, wherein, artificial flavoring is the most widely used. In most cases, artificial flavors do not contain any animal source, and are instead made in the laboratory by carefully mimicking the taste and smell of the animal meat. Natural flavoring contains a meat source, and is usually available in the form of broths. Natural ingredients are expected to have highest growth rate in Asia-Pacific due to the rising purchasing power and consumers demand for healthy products with natural flavors.
The market is further segmented by source type into Beef, Chicken, Pork, Turkey, Shrimp, Fish, and Others. Chicken has the largest percentage of the meat flavor market share because of few cultural restrictions of the meat, especially in the Islamic and Jewish nations. Beef has the second largest market share, with popularity in the North American and European nations. Applications of meat flavors include; Soups and Sauces, Ready meals, Savories, Baked Goods, and Others.
North America is the major market for meat flavors
On the basis of region, market is segmented into North America, Europe, Asia Pacific, Africa and South America. North America is the main market for Meat flavors with the United States making up the largest market share in the continent. This is due to the high consumption of processed food in the country. The United States accounts for more than 50% of the natural meat flavors market share of North America. Over the years, there has been a wide range of innovation in the meat flavors industry to suit the consumerâs needs in the United States.
The Asian market comes in next with meat flavors being very popular in cuisines in countries like Japan, South Korea, and China. The meat flavors in the Asian region are heavily used in the instant noodle industry. A few major companies and several small manufacturers in the region dominate the market.
Major Players: KERRY GROUP, CARGILL Inc, BASF, DUPONT- DANISCO, INTERNATIONAL FRAGRANCE AND FLAVORS, Inc.(IFF), D.D. WILLIAMSON and CO Inc., ARCHER DANIELS MIDLAND(ADM)
Reasons to Purchase this Report
â¢ Analyzing outlook of the market with the recent trends and Porterâs five forces analysis
â¢ Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
â¢ Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
â¢ Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
â¢ Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
â¢ Comprehensive company profiles covering the product offerings, key financial information,
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Top Key-players/Leading Manufacturers of Meat Flavors Market:
● Kerry Group
● Cargill Inc
● Dupont- Danisco
● International Fragrance and Flavors
● D.D. Williamson and Co Inc.
● Archer Daniels Midland(ADM)
With tables and figures helping analyze the worldwide Global Meat Flavors market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global Meat Flavors market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Key Developments in the Meat Flavors Market:
This Meat Flavors Market Research/analysis Report Contains Answers to your following Questions
● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Meat Flavors Industry? ● What Was the Global Market Status of Meat Flavors Market? What Was Capacity, Production Value, Cost, and PROFIT of Meat Flavors Market? ● What Are Projections of Global Meat Flavors Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export? ● What Is Meat Flavors Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
Inquire more and share questions if any before the purchase of this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12884126
● What Is Economic Impact On Meat Flavors Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? ● Which Manufacturing Technology is used for Meat Flavors? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? ● Who Are the Global Key Players in This Meat Flavors Market? What are Their Company Profile, Their Product Information, and Contact Information? ● What Is the Current Market Status of the Meat Flavors Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Meat Flavors Market by Taking Applications and Types in Consideration? ● What Are Market Dynamics of Meat Flavors Market? What Are Challenges and Opportunities?
Reasons to Purchase Meat Flavors Market Report:
● The report analyses how stringent emission control norms will drive the global Meat Flavors market. ● Analyzing various perspectives of the market with the help of Porter’s five forces analysis. ● Study on the product type that is expected to dominate the market. ● Study on the regions that are expected to witness the fastest growth during the forecast period. ● Identify the latest developments, market shares, and strategies employed by the major Meat Flavors market players. ● 3 months’ analyst support along with the Market Estimate sheet (in excel).
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